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    Commercial expediency supports deduction of corporate guarantee settlement payment as business expenditure.
    Section 54 exemption upheld on part performance and possession despite an unregistered property agreement.
    TNMM comparability and foreign tax credit verification shape software transfer pricing relief and working capital adjustment
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      PAN correction applications are to be made in specified forms...

      PAN correction forms and filing procedures prescribed for individuals and non-individuals, with mandatory document and Aadhaar requirements.

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      Income TaxApril 2, 2026Notifications
      PAN correction applications are to be made in specified forms under the Income-tax Rules, 2026: PAN CR-01 for individuals and PAN CR-02 for non-individuals. The order also prescribes the related procedure, supporting documents, and filing guidelines, including mandatory use of the relevant form, completion of prescribed identity, address, contact and declaration fields, and submission either physically at designated PAN centres or online through the specified websites. For individuals, Aadhaar details are mandatory except for exempt categories; for non-individuals, the registration number is mandatory for companies and LLPs. The order applies from 1 April 2026.

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      ActsIncome Tax